Data Sharing Requirements

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Data Sharing Requirements

 

         If you or your client hold very substantial amounts of contiguous acreage that is involved in wide spread oil and gas exploration, drilling, and production activities, it may be beneficial to impose geologic and production data sharing duties upon the oil and gas lessee and upon anyone conducting geophysical seismic studies on the trust lands.  Your goal in these negotiations is to establish a data room that will allow you or your client to interest oil companies in drilling on your or your client’s undeveloped acreage.  Data sharing and data rooms raise a number of issues and require specialized language. The need for data sharing is very limited, however, because few mineral owners hold sufficient contiguous mineral acreage to justify addressing the issue.

Copyright 2011 by Edward G, Hawkins. All rights reserved.